3D Scanner Market to Grow at a 10.1% CAGR Key Player, Regions and Forecast to 2022

Global 3D Scanner market is accounted for $4.16 billion in 2015 and is expected to reach $8.14 billion by 2022 growing at a CAGR of 10.1%. Regenerating prototypes while manufacturing new models in various industries such as automobile, defense, and consumer goods had demanded the need for 3D Scanner which optimizes the overall requirement of time, cost and efforts. Various factors such as affordability, high efficiency, ability to generate fast as well as accurate results is likely to drive the market size, wherein growing emphasis on continual improvement in software as well as hardware is expected to make technology more accessible to users and is also likely to drive sales over the forthcoming years.

Automotive application segment accounted for largest market share owing to its quality control and inspectional insights, where by allowing introducing new vehicle models and maintaining a competitive edge in market. Fixed coordinate measuring machine (CMM) segment held the largest market share attributing to its inspection of critical components across various industries such as automotive, ship, manufacturing, and railways. North America closely followed by Europe holds the largest market share owing to the strong presence of key players offering 3D scanner products in the region